LatinNews Daily - 11 June 2019

In brief: Paraguay

* The Paraguayan government has announced an injection of over US$1.5bn into the local economy for immediate use in public investment, employment, and social programmes. Of the total announced, US$1.2bn is to be allocated to public investments, which is expected to create 50,000 direct jobs. About US$115m will be allocated for social assistance and US$254m to support trade and production. In a statement, Finance Minister Benigno López said the move was intended to support Paraguay’s economy which is affected “mainly by external problems such as the situation in Brazil, Argentina, the drought, floods, [and] the global economic slowdown”.